Six-Unit Renovated Apartment
For Sale
$1,988,000
1565 70th Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size4,680 SF
Lot Size0.05 Acres
Price / SF$424.79
Days on Market133
Property Features for 1565 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
18
Bathrooms
7
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 10, Bathroom 5, Bathroom 4, Bedroom 13, Bedroom 16, Bedroom 3, Bedroom 12, Bathroom 1, Bedroom 11, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 17, Bedroom 18, Bedroom 9, Bathroom 2, Bathroom 6, Bedroom 7, Bedroom 2, Bedroom 14, Bedroom 15, Bathroom 7, Bathroom 3, Bedroom 5
Interior features
Stove
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
4,680 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
20768
Building Details
Year built
1926
Floors in Building
3
Number of units
6
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(917) 708-9966
Added: Jun 23
Changed: Oct 30
Last Checked: Nov 2 at 1:06AM
MLS# 502527
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1565 70th Street in Brooklyn, this 4,680-square-foot apartment building contains six residential units on a 0.0459-acre lot. The property was built in 1926 and renovated in 2011, with improvements including structural steel beam reinforcement, updated plumbing and sewer lines, upgraded electrical service, new windows, a metal staircase, and reconfigured kitchens, bathrooms, and flooring.
The unit mix includes two three-bedroom apartments with living rooms and four three-bedroom residences featuring large eat-in kitchens. Each unit has its own heating and hot water system. The brick building also includes a basement currently used for storage, with delivery vacant at closing. Tile and hardwood flooring, a flat roof, and R5 zoning complete the property profile.
The unit mix includes two three-bedroom apartments with living rooms and four three-bedroom residences featuring large eat-in kitchens. Each unit has its own heating and hot water system. The brick building also includes a basement currently used for storage, with delivery vacant at closing. Tile and hardwood flooring, a flat roof, and R5 zoning complete the property profile.
Key Highlights
- Six residential units, including two three‑bedroom apartments with living rooms and four three‑bedroom units
- 4,680 square feet on a 0.0459‑acre lot
- Renovated in 2011 with structural, plumbing, sewer, electrical, window, and interior upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,876
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,857,520
$2.9M
Cap Rate 7%
$2,041,086
$2.0M
Cap Rate 9%
$1,587,511
$1.6M
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$265.1K $56.64/SF
− Vacancy
−$5.3K −$1.13/SF
EGI
$259.8K $55.51/SF
− OpEx
−$116.9K −$24.98/SF
NOI
$142.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,857,520
Cap Rate 7%
$2,041,086
Cap Rate 9%
$1,587,511
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,876 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.88M
$3.39M – $4.52M
NOI $271,253 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - R5-zoned multifamily property with separately controlled heating and hot water systems for each residence.
Where is this apartment building located?
The property is located at 1565 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: Six residential units, including two three‑bedroom apartments with living rooms and four three‑bedroom units; 4,680 square feet on a 0.0459‑acre lot; Renovated in 2011 with structural, plumbing, sewer, electrical, window, and interior upgrades
